In practice, there are a variety of factors that should determine what's the right share for a household to spend on their housing, Aurand said. For example, a married couple without children may be able to spend more on their rent than another married couple with the same income that does have kids.
"After paying for their housing, does the household have adequate income to pay for their non-housing expenses?" he said. "If not, they are considered cost-burdened."Renters shouldn't look at the 30% guideline as a hard and fast rule, said After paying for their housing, does the household have adequate income to pay for their non-housing expenses?Meanwhile, a lower-income tenant may be able to direct more than 30% of their income to housing if they don't have other large recurring expenses, such as loan payments, Mohamed said.
"We can't throw our hands up at the biggest expense of all," he said. "We have to develop a real strategy for handling it."
And? Whats the alternative? No one pays more than they have to. I know news outlets need content but this seems like a completely pointless article. Lol
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